ETF overview
SEPU seeks to provide unlimited upside potential, subject to a spread, while preventing the realization of the first 15% of SPDR S&P 500 ETF Trust (SPY) losses. In exchange for this downside protection, investors forgo some upside returns, that is, the spread. The fund also foregoes the S&P 500s dividend component because the options are written on the price (not total) return version of the index. To participate in any positive returns, the fund must exceed the spread, as measured based on market conditions at the end of the outcome period starting each September. Investors who buy at any other time than the annual reset day may have a different protection and buffer zone. Even if shares are held for the entire outcome period, the outcome may differ from the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually, and uses FLEX options exclusively.
Fund facts
- Expense ratio
- 0.74%
- Fund assets
- 165.96M USD (all share classes)
- Issuer
- AllianzIM
- Inception date
- Aug 30, 2024
- Number of holdings
- 3
Breakdown
Holdings (3)
| Name | Ticker | Weight |
|---|---|---|
| SPY 08/31/2027 33.37 C | 96.13% | |
| SPY 08/31/2027 794.66 P | 5.62% | |
| SPY 08/31/2027 651.99 P | -1.76% |
Similar ETFs
- AllianzIM U.S. Equity Buffer15 Uncapped Jan ETFJANU · Expense ratio 0.74%
- AllianzIM U.S. Equity Buffer15 Uncapped Oct ETFOCTU · Expense ratio 0.74%
- AllianzIM U.S. Equity Buffer15 Uncapped Dec ETFDECU · Expense ratio 0.74%
Historical returns do not guarantee future returns. This is not investment advice.

AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF (SEPU)
- Expense ratio
- 0.74%
- Fund assets
- 165.96M USD (all share classes)
- Issuer
- AllianzIM
- Inception date
- Aug 30, 2024
- Number of holdings
- 3
| Name | Ticker | Weight |
|---|---|---|
| SPY 08/31/2027 33.37 C | 96.13% | |
| SPY 08/31/2027 794.66 P | 5.62% | |
| SPY 08/31/2027 651.99 P | -1.76% |
SEPU seeks to provide unlimited upside potential, subject to a spread, while preventing the realization of the first 15% of SPDR S&P 500 ETF Trust (SPY) losses. In exchange for this downside protection, investors forgo some upside returns, that is, the spread. The fund also foregoes the S&P 500s dividend component because the options are written on the price (not total) return version of the index. To participate in any positive returns, the fund must exceed the spread, as measured based on market conditions at the end of the outcome period starting each September. Investors who buy at any other time than the annual reset day may have a different protection and buffer zone. Even if shares are held for the entire outcome period, the outcome may differ from the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, resets annually, and uses FLEX options exclusively.
- AllianzIM U.S. Equity Buffer15 Uncapped Jan ETFJANU · Expense ratio 0.74%
- AllianzIM U.S. Equity Buffer15 Uncapped Oct ETFOCTU · Expense ratio 0.74%
- AllianzIM U.S. Equity Buffer15 Uncapped Dec ETFDECU · Expense ratio 0.74%
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